Rocket Companies Enters New Loan Agreement

TL;DR

Rocket just signed a new loan agreement, adding to its debt obligations.

AI Summary

On December 10, 2024, Rocket Companies, Inc. entered into a material definitive agreement, specifically a loan agreement. This agreement creates a direct financial obligation for the registrant. The filing does not specify the exact dollar amount or the other party involved in the agreement.

Why It Matters

This filing indicates Rocket Companies has taken on new debt, which could impact its financial leverage and future borrowing capacity.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can increase a company's financial risk, especially if the terms are unfavorable or the company's ability to repay is uncertain.

Key Players & Entities

• Rocket Companies, Inc. (company) — Registrant
• December 10, 2024 (date) — Date of earliest event reported
• 001-39432 (other) — SEC File Number
• 84-4946470 (other) — I.R.S. Employer Identification No.

FAQ

Key Financial Figures

• $0.00001 — stered Class A common stock, par value $0.00001 per share RKT New York Stock Exchange
• $27.0 billion — redit and early buy out facilities, was $27.0 billion. This figure compares with $24.5 billio
• $24.5 billion — 27.0 billion. This figure compares with $24.5 billion as of September 30, 2024 and $24.3 bill
• $24.3 billion — .5 billion as of September 30, 2024 and $24.3 billion as of December 31, 2023. Item 2.03 Cr

Filing Documents

• rkt-20241210.htm (8-K) — 27KB
• 0001805284-24-000181.txt ( ) — 148KB
• rkt-20241210.xsd (EX-101.SCH) — 2KB
• rkt-20241210_lab.xml (EX-101.LAB) — 21KB
• rkt-20241210_pre.xml (EX-101.PRE) — 12KB
• rkt-20241210_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Citibank, N.A. Master Repurchase Agreement Renewal On December 10, 2024, Rocket Mortgage, LLC (the "Company"), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as Seller, and Citibank, N.A. ("Citibank"), as Buyer, entered into Amendment Number Six to the Master Repurchase Agreement (the "MRA Amendment") and the related Amendment Number Ten to the Pricing Side Letter for the Master Repurchase Agreement, which extended the expiration date of the existing Master Repurchase Agreement dated as of September 4, 2019 by and between Citibank, as Buyer, and the Company, as Seller (as amended, the "Citibank Master Repurchase Agreement"), from November 6, 2025 to December 10, 2026 and effectuated certain other technical changes to the Citibank Master Repurchase Agreement. Citibank, N.A. MSR Facility Amendment On December 10, 2024, the Company, as borrower, entered into Amendment Number Four to the MSR Facility (the "MSR Amendment") with Citibank, as lender. The MSR Amendment extended the expiration date of the existing MSR Facility from November 6, 2025 to December 10, 2026 and effectuated certain other technical changes to the MSR Facility. The foregoing descriptions of the MRA Amendment and MSR Amendment do not purport to be complete and are subject to, and qualified in their entirety by reference to the full text of the MRA Amendment and MSR Amendment, copies of which will be filed with the annual report on Form 10-K of Rocket Companies, Inc. for the period ending December 31, 2024. Following the execution of the MRA Amendment and the related Amendment Number Ten to Pricing Side Letter for the Citibank Master Repurchase Agreement, as of December 10, 2024, the total funding capacity of the Company, including pursuant to all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit and early buy out facilities, was $27.0 billion. T

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 16, 2024 ROCKET COMPANIES, INC. By: /s/ Tina V. John Name: Tina V. John Title: Executive Legal Counsel and Secretary